Led · Seed · Nov 2022

Klaim builds proprietary, AI-powered funding technology that enables healthcare providers to receive payment on insurance claims within 24 hours instead of the typical 30–120-day reimbursement cycle. The platform analyzes submitted claims, buys qualifying receivables, and handles reconciliation and payor follow-up, giving clinics and hospitals certainty of payment and reducing administrative burden. Founded by Karim Dakki and Ghafoor Ahmad, Klaim currently operates across the Middle East and is now expanding into the United States. Through a forthcoming co-branded Payment Acceleration Service with Claritev, Klaim plans to offer scalable access to liquidity for small practices, large hospitals, and multi-specialty networks in both the U.S. and MENA regions. The company also intends to undertake a global restructuring that will unite its Middle East entity (Klaim Holdings Limited) with Klaim, Inc. under a single holding company. By focusing on freeing up working capital, Klaim aims to strengthen financial resilience for healthcare providers and let them focus on patient care.

Participated · Equity · Apr 2022

Savana develops AI technologies that unlock clinical value from routinely stored hospital data by extracting insights from the free text of clinical notes and combining them with systems biology information. The platform produces real-world evidence to help target patients, find biomarkers, accelerate drug development, test hypotheses, and repurpose molecules. Its tools generate predictive models and deliver insights to doctors and researchers to optimize R&D and patient care. The company plans to expand its data-analysis capabilities to include new data layers such as genomics, biomolecular data, and images, and to ingest information generated during clinical trials. Savana says its technology has been used by more than 200 hospitals to extract insights from over 2 billion medical records across 16 countries in Western Europe and the Americas. The company has previously raised $15 million in a Series B to expand into America and recently secured an additional $25 million booster round. Savana develops AI-driven SaaS tools that surface critical information from the free text of clinical notes to give doctors, pharmacists and life-science customers actionable patient insights. Its platform has processed more than 400 million electronic medical records in English, Spanish, German and French. The company says health systems across Western Europe, the United States and Canada use its technologies, and it works with the top 20 global pharmaceutical companies and over a hundred healthcare facilities. Savana was founded in 2014 in Spain and is led by CEO Jorge Tello and CMO Dr. Ignacio Hernandez Medrano; the team comprises more than 100 professionals. The company plans to use fresh funding to support international expansion and to grow operations in the U.S., including headcount at its New York City headquarters.

Participated · Seed · Feb 2022

Amitruck operates a digital logistics marketplace that connects shippers directly with transporters and lets users negotiate rates, add service customizations, and view transporter ratings and trip history. Launched in 2019, the platform serves both B2B and individual customers and has more than 8,000 vehicles registered and over 300 B2B customers in Kenya, including Unilever, L’Oréal, SkyGarden and Twiga. The company says goods carried via partner transporters are insured and that it provides operational support to customers. Amitruck reported revenue growth of 1,000% in 2021 following 400% growth the prior year. The startup plans to use its latest funding primarily for hiring and improving technology as it expands into Tanzania and Uganda to become a regional go-to platform for in-country and cross-border shipping. Amitruck is a trucking logistics marketplace launched in 2019 by Mark and Timothy Mwangi that operates mobile and web applications to match cargo owners with transporters. The platform removes middlemen and brokers to increase transparency and efficiency in freight matching. The company reports it increased revenue by 300% despite challenges from the COVID-19 pandemic. Over the last 12 months Amitruck has achieved notable momentum, attracting investor interest. The recent undisclosed pre-seed funding will be used to expand the startup’s reach and customer base in East Africa. Amitruck aims to scale its logistics marketplace across Kenya and the broader East African market. Amitruck is a Kenyan logistics startup founded in 2018 by Mark and Timothy Mwangi that operates a mobile- and web-based trucking logistics platform. The platform matches cargo owners with transporters through a digital competitive bidding process to bring trust and transparency and cut out expensive middlemen. Drivers and vehicles are vetted and goods in transit are insured, which the company says increases security. GreenTec Capital has invested in Amitruck and described the startup as having demonstrated "impressive traction" and a strong team. GreenTec company builder Maxime Bayen said Amitruck’s solution can tackle fragmentation and lack of trust in African logistics and enable capacity growth by increasing driver and truck owner accessibility to the broader market. The article did not disclose any financial terms or operating metrics.

Participated · Equity · Mar 2021

Now Money provides digital banking and payroll services aimed at closing the financial inclusion gap for low-income and migrant workers in Gulf Cooperation Council countries. The company offers multilingual mobile applications that enable bill payments, savings accounts, remittances and complements digital services with in-person financial literacy training. It positions itself as a low-cost, secure option for underserved workers and has emphasized product and technology development. The recent funding will be used to expand operations across the region and to improve its technology product offerings. Leadership highlighted the investment as validation of Now Money’s vision and its potential socio-economic impact. The company previously underwent an acquisition in 2023 by Mark Nutter and Nicolas Andine, and continues to scale its inclusion-focused product set. Now Money provides a digital banking solution for low-income migrant workers, featuring accounts, low-cost remittance, and contactless-enabled Visa cards. The company partners with employers to deliver an end-to-end digital payroll solution via a payroll portal that lets companies transfer salaries and financial rewards directly to employees' NOW Money app. Founded in 2016 by Katharine Budd and Ian Dillon and based in Dubai, the fintech serves migrant workers in the UAE. Now Money plans to expand its digital banking solution into the Kingdom of Saudi Arabia, starting with strategic hires and local infrastructure in Riyadh. It also intends to further develop its service offering and continue growth in the UAE. Recently it secured $7M in funding to support these plans. NOW Money uses mobile banking technology to deliver accounts, financial inclusion, and low-cost remittance options to low-income migrant workers across the GCC. The company aims to provide affordable financial services at scale and improve outcomes for the 26 million unbanked in the region. In the last 12 months it has won six awards and its co-founders speak and are featured regularly at FinTech events and publications. A year after an initial seed funding round that helped expand the team and develop the technology and brand, NOW Money secured a further investment of $700,000. With this latest capital—part of its seed round—the team plans to launch service across the UAE and expand into other GCC countries. The company presents a socially focused, digital-first neobank model targeting migrant-worker remittances and financial access.

Led · Series C · Dec 2019

Jiji operates a pan-African digital classifieds marketplace enabling transactions across categories from real estate to car and electronics sales. The Nigeria-based platform is present in Ghana, Uganda, Tanzania and Kenya and reported two million listings and eight million unique monthly users in 2018. Its top categories for revenue and listings are vehicle sales, real estate and electronics (mainly mobile phones). Jiji estimates an addressable market of 400 million people across its operating countries and could layer on services such as finance and payments in the future, though it intends to focus on its core classifieds business for the next three to five years. To ensure listing quality Jiji uses automated and manual verification, estimates fraud listings at less than 1%, and employs a data-control officer for data-protection verification. The company acquired OLX assets in Nigeria, Ghana, Kenya, Tanzania and Uganda earlier in the year and plans to use recent funding to increase buyers, sellers and transactions and to upgrade platform listing and real-estate matching capabilities.